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IRAQ SAID TO BE PLANNING A SECOND $1 BILLION BOND ISSUE


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Folks this lady is with the National Alliance party an is on the finance committee. Well respected an smart in my opinion. I think what she is saying, over time the corruption within the GOI has drained the economy an the CBI to the brink of bankruptcy. She is smart enough to suggest that the loans from the IMF, World Bank or the US will not fix their problems. 

This is not smoke or fire or anything else but the truth, Iraq has a corruption problem....that's the point she's making.

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The picture is of here and she is from the National Alliance Party.

Tamimi: I do not have confirmed on the replacement or dismissal from office Zebari Information

 
 
 
 
 
 
 
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Date: 01/02/2016 19:44

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Majida al-Tamimi

Information / special / ..

It confirmed the National Alliance MP Majda al-Tamimi, Monday, that there are no confirmed information had been replaced or the dismissal of Finance Minister Hoshyar Zebari from office.

Said al-Tamimi told / information / The “leave and Finance Minister Hoshyar Zebari for two consecutive months, aiming for surgery in the British capital London.”

She added that “there are no confirmed on the replacement or dismissal from office Zebari and information but are waiting for the issuance of an official letter from the Iraqi government for permission in this regard.”

According to local media reports by the Finance Minister Hoshyar Zebari winning leave for two months, while the administrative agent of the Ministry Fadel Abdul Nabi Othman manage their affairs up to return Zebari. Finished / 25’s

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For Veterans, the VA guarantees up to 80% of the loan if qualified for a VA home mortgage loan. The VA does not lend the money at all. The USA in this case is only saying they will guarantee all loans made to Iraq from the International Market. There was no money to be given to Iraq from the USA. Iraq can borrow up to the guarantee amount from 10 nations or 3 nations or 80 nations and the loans totaling up to 1 billion will be guaranteed. So the article titled USA loans 1 billion to Iraq is wrong as this denotes money exchanges hands, it has not. 

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1 hour ago, DoD said:

Folks this lady is with the National Alliance party an is on the finance committee. Well respected an smart in my opinion. I think what she is saying, over time the corruption within the GOI has drained the economy an the CBI to the brink of bankruptcy. She is smart enough to suggest that the loans from the IMF, World Bank or the US will not fix their problems. 

This is not smoke or fire or anything else but the truth, Iraq has a corruption problem....that's the point she's making.

Thank you DOD I mixed her up with the other lady.

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%D9%86%D8%AC%D9%8A%D8%A8%D8%A9-%D9%86%D8

Barzani's party: Abadi gets international loans on behalf of Iraq, but did not give Kurdistan dinars and one of them

Posted by: admin2  in the policy  of January 9, 2017 0  2 Visit

 

 

It revealed an MP for the Kurdistan Democratic Party Najiba Naguib, today Alatnin, Iraq for financial loans from the United States of America and France and Aliapan, as well as a loan from the bank Ata, noting that Prime Minister Haider al-Abadi did not do justice to the Kurdistan Regional Government of those loans did not get Kurdistan dinars on any of them.

Najib said in a press statement that "there is a paragraph in the Iraqi constitution states that the granting of financial loans obtained by the federal government, including the proportion to the Kurdistan region," asserting that "the federal government get international loans away from Kurdistan."

She added that "Iraq received a 5 billion and $ 400 million loan from the World Bank in addition to the loans obtained by Iraq from America, France and Japan,"

 

Indicating that "in 2017 the budget deficit of 21 trillion dinars and through those loans were to fill the shortfall in the budget."

She noted that "al-Abadi did not do justice to the Kurdistan and the Kurdistan loans Atah, did not get the dinars from those loans," adding that "the region is facing a war against terrorism in addition to the implementation of projects for ages liberated areas."

She said, "Abadi consistent with mourning States to provide a loan on behalf of Alarac, Since that Kurdistan is part of Iraq, so there should be a percentage of them to the region."

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Mark Toner
Mark Toner

Roudao - Washington 

spokesman for the US State Department, Mark Toner, said the loans which are due to the United States granted to the Iraqi government should be given them share the Kurdistan Region as well. 

Toner said at a news conference: "I hope that the loans constitute a good help to the Iraqi government in order to secure the needs of all the Iraqi people, and from the Kurdistan Region." 

The spokesman for the US State Department, on the necessity of "sharing this money and be for all Iraqis, and from the Kurdistan Region." 

The Iraqi government had signed last Thursday signed an agreement to take loans worth billion dollars from the United States with the American ambassador to Iraq , in order to provide public services.

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http://www.investopedia.com/terms/s/sovereignbond.asp

 

 

What is a 'Sovereign Bond'

A sovereign bond is a debt security issued by a national government. Sovereign bonds can be denominated in a foreign currency or the government’s own domestic currency; the ability to issue bonds denominated in domestic currency tends to be a luxury that most governments do not enjoy. The less stable of a currency denomination, the greater the risk the bondholder faces.

BREAKING DOWN 'Sovereign Bond'

The government of a country with an unstable economy tends to denominate its bonds in the currency of a country with a stable economy. Because of default risksovereign bonds tend to be offered at a discount.

The default risk of a sovereign bond is assessed by international debt markets and represented by the yield the bond offers. Bondholders demand higher yields from riskier bonds. To illustrate, as of May 24, 2016, 10-year government bonds issued by the Canadian government offer a yield of 1.34%, while 10-year government bonds issued by the Brazilian government offer a yield of 12.84%. This spread of 1150 basis points accounts for the financial position of both governments, and is indicative of the favorable credibility enjoyed by the Canadian government.

Sovereign Bonds Denominated in Foreign Currencies

As of 2014, the most recent year such data is available, debt denominated in the five largest global currencies, the U.S. dollar, the British pound, the euro, the Swiss franc and the Japanese yen, accounted for 97% of all debt issuance, but only 83% of this debt was issued by these countries. The reality is less-developed countries have difficulty issuing sovereign bonds denominated in their own currency, and thus have to assume debt denominated in a foreign currency.

This is due to a number of reasons. First, investors consider poorer countries to be ruled by less-transparent governments that are more susceptible to corruption, increasing the likelihood of loans and government investments being funneled into unproductive areas. Second, poorer countries tend to suffer from instability, leading to higher rates of inflation, which eats into the real rates of return received by investors.

Therefore, less-developed countries are forced to borrow in foreign currencies, further threatening their economic situation by exposing them to currency fluctuations that can make their borrowing costs more expensive. For example, say the Indonesian government issues bonds denominated in yen to raise capital. If the interest rate it agrees to borrow is 5%, but over the duration of the bonds’ maturity, the Indonesian rupiah depreciates by 10% in relation to the yen, then the real interest rate the Indonesian government has to pay in the form of principal and interest payments is 15%, assuming its business operations are conducted in rupiah.



Read more: Sovereign Bond Definition | Investopedia http://www.investopedia.com/terms/s/sovereignbond.asp#ixzz4VSaZT94h 
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11-01-2017 02:38 PM
image.php?token=39ea21c6f76a5419068137422c97e242&size=
 


 

 

Revealed that the Ministry of Finance, on Wednesday, ensuring the completion of the loan between Iraq and America convention next week. 

According to a ministry statement that ' the Undersecretary of the Ministry of Finance Fadhil Nabi Othman , met on Wednesday representatives of the US Agency for International Cooperation USAID and representatives of the US embassy in Baghdad , and discussed with them the developments in the implementation of the loan guarantee , which was signed between the governments of the two countries in the 5th of this month, which will hopefully be completed in the next week and the completion of the agreement Foreign bond issuance process one billion dollars. "

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On 1/8/2017 at 0:11 PM, DoD said:

Folks this lady is with the National Alliance party an is on the finance committee. Well respected an smart in my opinion. I think what she is saying, over time the corruption within the GOI has drained the economy an the CBI to the brink of bankruptcy. She is smart enough to suggest that the loans from the IMF, World Bank or the US will not fix their problems. 

This is not smoke or fire or anything else but the truth, Iraq has a corruption problem....that's the point she's making.

Totally  agree and very important info imho. Again imo, until the finance committee and the CBI feel confident that the banking system is safe from most of the corruption, we won't see our RV. 

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CNN. Broadcasting On A Cell Phone While Calling Baghdad !

 

Washington calls for Baghdad to pay Erbil share of sovereign billion dollar loan

And stresses: the distribution of loans must meet the needs of all Iraqis

The Deputy State Department spokesman, Mark Toner, said on Wednesday his belief that the Iraqi government will address the needs of the Kurdistan Region of sovereign loans.

 Toner said during a press conference, I followed (Basenyoz): "We believe that the guarantee of the sovereign Iraqi government loans will help meet the needs of all Iraqis, and all Iraqis also mean the Kurdistan Region."

Toner pointed out that "discussions between Baghdad and the Kurdistan Regional Government on budgetary issues are an internal matter, but the distribution of the loans must meet the needs of all Iraqis, including the Kurdistan region."

  He added: "We encourage cooperation and coordination between the Kurdistan region and Baghdad, and we emphasized during non unprecedented cooperation in the fight against the organization Daesh and the process of liberalization of Mosul."

  The Iraqi government has signed in the January 5, borrow $ 1 billion agreement with the US.

http://www.basnews.com/index.p.....omy/323747

US State: Kurdistan Region 's share of the sovereign loan

Deputy spokesman of US State Department Mark Toner said of the region of Kurdistan, said the share of the sovereign loan granted by the US to Iraq.

Toner said at the daily press conference of US foreign on Tuesday that "the issue of sovereign loan is an internal Iraqi issue can and Baghdad and Erbil to agree on this issue also has also been coordination between them in the war on organizing Daesh."

Toner said that the United States was awarded the sovereign loan in order to secure the needs of all Iraqis, including the population of the province of Kurdistan, of course. "

Toner and expressed hope that the benefit of all Iraqis, including the people of the Kurdistan Region of sovereign loan ruled in granting a loan similar to Kurdistan if Baghdad refused to grant the Kurds share them.

Kurdistan Regional Government rejected earlier special items share the territory of the financial budget for the year 2017 and was considered by the Kurdistan unfair prejudice to the rights and financial Kurdistan province, especially the right of the Peshmerga forces.

http://www.kurdistan24.net/ar/.....8%AF%D9%8A

 

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Mmmmm, I am thinking that the loans are for the rebuilding,and supplies needed for Iraq's people, 1 billion, from u.s. States,  not to forget the funds from other areas, like France, Kuwait, Japan, Russia, just to name a few... The h-c-l is a different part of another agreement altogether,  the money from the sale of oil and gas....  If both hit close together, Iraqi folks will have a heck of a bank account...  J.m.t

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26 minutes ago, DinarThug said:

US State: Kurdistan Region 's share of the sovereign loan

Deputy spokesman of US State Department Mark Toner said of the region of Kurdistan, said the share of the sovereign loan granted by the US to Iraq.

Toner said at the daily press conference of US foreign on Tuesday that "the issue of sovereign loan is an internal Iraqi issue can and Baghdad and Erbil to agree on this issue also has also been coordination between them in the war on organizing Daesh."

Toner said that the United States was awarded the sovereign loan in order to secure the needs of all Iraqis, including the population of the province of Kurdistan, of course. "

Toner and expressed hope that the benefit of all Iraqis, including the people of the Kurdistan Region of sovereign loan ruled in granting a loan similar to Kurdistan if Baghdad refused to grant the Kurds share them.

Kurdistan Regional Government rejected earlier special items share the territory of the financial budget for the year 2017 and was considered by the Kurdistan unfair prejudice to the rights and financial Kurdistan province, especially the right of the Peshmerga forces.

http://www.kurdistan24.net/ar/.....8%AF%D9%8A

DinarThug Thanks,  DV,  How bout using this as leverage to force the KRG parties to vote on the "HCL", then we can discuss providing KRG the share of the 1 Billion Dollar loan from U.S.A.  What say you KRG primarily Barzani Clan?

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32 minutes ago, tigergorzow said:

DinarThug Thanks,  DV,  How bout using this as leverage to force the KRG parties to vote on the "HCL", then we can discuss providing KRG the share of the 1 Billion Dollar loan from U.S.A.  What say you KRG primarily Barzani Clan?

I cant see them paying them in IQD.. not till after they RV.. kind of shooting yourself in the foot to do that.. use USD till after the BIG event ,,,so sing the HCL ,, RV  and get your payday..  Just my :twocents:

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History of edits:: 11/01/2017 12:52 • 145 visits readable
Parliamentary Finance: external borrowing tinkering with Annie and the failure of government policy economy
[Oan- special] 
counting the parliamentary finance committee member Ahmed Sarhan, Iraq continued borrowing of funds from abroad as " a confirmation of the government 's economic policy failures."
Ahmed told all of Iraq [where] that "Iraq continued to borrow from abroad reflects the failure of the government 's drive to activate other resources , " stressing that "Iraq does not have an economic policy clearly defined either in the short or long term." 
He also stressed "that there is no real steps in how to deal with the economic situation and even the long term , " explaining that " the loans are tinkering Annie a result , Iraq 's financial implications are also affected by the coming generations." 
Ahmed pointed out that the "confirmation of these loans on the Iraqi economic policy failures as well as he did not use for economic purposes and be productive would raise the economic level." 
And between, that "Iraq is under debt that must be repaid and therefore these debts are pressure vessels of processors as a result of the fiscal deficit , " adding that " the main factor for the collapse of Iraq 's economy is due to two reasons : first , the drop in oil prices and persistent corruption." 
The Iraqi government signed with the United States last Thursday an agreement to ensure a loan of one billion dollars. 
The US embassy in Baghdad said , "This signing is the first step in the process that would allow Iraq to a greater opportunity to enter the international capital markets." 
For its part reduced the parliamentary finance committee member Majda al - Tamimi, the significance of this loan , saying that " the Iraqi government signed a loan guarantee with the United States - billion - dollar agreement, it does not mean anything and does not deserve all this drumming and release it like a supernatural accomplishment." 
Tamimi said " it was better for the government develop solutions to modify the wrong tracks that led to the collapse of the Iraqi economy and a waste of billions of dollars, especially since there are thousands of files that have been Tochireha by regulators and others without the genuine will to hold accountable corrupt it becomes to talk about any step tampering forward unless The arrest decline and to develop solutions for its causes. "
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History of edits:: 11/01/2017 14:30 • 152 visits readable
Ensure the completion of the loan between Iraq and America convention next week
[Where - Baghdad] 
Ministry of Finance announced on Wednesday, ensuring the completion of the loan between Iraq and America convention next week.
According to a ministry statement received by all of Iraq [where] a copy of the "Undersecretary of the Ministry of Finance Fadhil Nabi Othman, met on Wednesday representatives of the US Agency for International Cooperation USAID and representatives of the US embassy in Baghdad, and discussed with them the developments in the implementation of the loan guarantee, which was signed between the two governments in five of the month agreement ongoing and which will hopefully be completed in the next week and the completion of the issuance of foreign bonds process one billion dollars. "

 

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This is next week as well...

History of edits:: 10/1/2017 17:13 • 198 visits readable
Iraq participates in the World Economic Forum in Davos, which starts next Tuesday
[Oan- Baghdad] 
Iraq participate in the Davos World Economic Forum , which will be launched next week in Switzerland.
It is expected that the Iraqi delegation headed by Prime Minister Haider al - Abadi, and discuss ways to support Iraq 's economic reconstruction and the liberated areas. 
And politicians will attend a major international companies and the heads of the activities of the Forum in the period from 17 to January 20 this month. 
The World Economic Forum is a membership organization, with a membership of a thousand of the world 's largest companies are usually capital cycle is greater than five billion US dollars. 
These companies are ranked among the top companies in its field and play a leadership role in shaping the future of their industry and the region in which it operates and is considered the heart of the activities of the Forum and its support is the basis for Aajae suitable to improve the status of the world 's global solutions.
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Economy News / Baghdad ...
 
 
 
The Central Bank of Iraq, on Thursday, securing the financial stockpiling of Iraq until 2021, and as pointed out Tsjsl an increase of about $ 10 billion on the expectations of the IMF by the end of 2016, announced his readiness for the launch of foreign bonds worth two billion dollars.
The governor of the central bank on the Keywords in an interview he followed "Economy News" that "the central bank is ready to launch a Eurobond worth two billion dollars, especially after the preliminary approval from the US side on the government of Iraq guarantee, amounting to billion dollars."
He added that "the Bank will launch these bonds if the arrival of the final approval," pointing out that "the stock of central bank reassured, and this was confirmed by the International Monetary Fund in the last review of him for stocks located, as it pointed out that the stock of Iraq's reassuring from now to the year 2021".
Among the Keywords, that "Iraq has succeeded in maintaining a safe, as the Bank recorded an increase of about $ 10 billion on the expectations of the IMF by the end of 2016". 
 
 
 
mm
Views 30   Date Added 12/01/2017 - 13:50   Last updated 12/01/2017 - 14:14   No. Content 6441
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Iraq, January 12, 2017 
The US government believes that a recent loan guarantee worth $1billion will help Iraq meet some of its public service needs and IDP resettlement, and that it should include the Kurdistan Region, said Deputy State Department spokesperson Mark Toner on Tuesday.

Toner said that budget sharing and monetary issues were an internal Iraqi matter but he hoped that the recent cooperation between Erbil and Baghdad would lead to further collaboration in other aspects.

“So these discussions between Baghdad or between – well, frankly, Baghdad and the KRG on budgetary issues are an internal matter – an internal Iraqi matter – and so, I have to refer you to the Government of Iraq.” Toner said, in response to a question. “I think we’re encouraged by what we would view as the unprecedented cooperation that’s been shown between Baghdad and the KRG in the fight – in the overall fight against Daesh and the liberation of Mosul, which is ongoing, as you know.

“And we believe that the sovereign loan guarantee will help the Government of Iraq meet its – the needs of all Iraqis, and by all Iraqis I mean including those in the Kurdistan Region.”

The Iraqi government was given a loan guarantee worth $1billion last week and signed by the US embassy’s Chargé d'Affaires Stephanie Williams who said: “This loan guarantee is designed to financially support Iraq as it strives to complete the liberation of Iraq from (ISIS) and pursue important economic reforms to restore growth and prosperity,”

Asked whether the US was willing to give the Kurdistan Region similar loan guarantees as the region was also in need of cash, Toner replied: “I don’t think we’re at that point.” 

“I don’t think that’s something we’re necessarily looking at,” he said. “Look, I mean, as I said, we’ve signed this loan. We believe it should be to the benefit of all Iraqis, and that includes the citizens or the people of the Kurdistan Region.”

Toner mentioned previous assistance to the Kurdish region to deal with its refugee crisis.

“But as you well know, the United States has also taken measures to help the Kurdistan Regional Government and the people there,” he reiterated. “I think we’ve provided over $1 billion in humanitarian emergency assistance through the – our Bureau of Population, Migration, and Resource – or Refugees, rather. And the majority of those funds have gone to the Kurdistan Region.”

 

rudaw

http://iraqdailyjournal.com/story-z14604700

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Expectations of achieving a quantum leap in the sectors of energy, construction

 

 

   
 

 
 


4/12/2016 0:00 

BAGHDAD / Farah pumice 
after the signing of the Trade Bank of Iraq a memorandum of understanding with both GE and Standard Chartered Bank to provide funding to accelerate the pace of work in energy projects and infrastructure in Iraq, an economist predicted to witness these sectors new renaissance, especially with the imminent full liberalization Iraqi territory .okan Director General and chairman of the trade Bank of Iraq administration agency Faisal Alheims may count memorandum of understanding " the embodiment of " the obligation of the bank with the support of national growth march , which is based largely on providing a strong infrastructure to achieve economic growth and ensure the welfare and prosperity of the people Alaraca.oukal: "We will cooperate with our partners to ensure the employment of funding provided by the memorandum of understanding way back interest rate realized on the development of infrastructure in our projects, especially in the energy sector, as it will contribute to the financing of this transaction Bank Group Ahli United, based in the Kingdom of Bahrain, who will participate as a financier secondary in the first compound witnessed sector loan Iraqi banking as well as major donors are the trade Bank of Iraq (TBI) and Standard Bank Chartrd.obouksos signing of the MOU, noted economist Rahim al - Shammari to the importance of entering into partnerships with banks and global banks with branches in most countries 
 Alm.orjeh expert to witness the sectors of energy and infrastructure infrastructure over the next three years , a revival after this note and previous agreements like her, in addition to the near complete liberation of the Iraqi territories, stressing the importance of the work of banks paying great importance, because it is currently the "president" of the economy in the countries of the world the operator. 
And about the importance of the "OPEC" agreement last cut oil production on the banking business, Shammari pointed out that this agreement will contribute to the lifting of crude oil prices globally, and indeed increased, which provides the financial liquidity of the state through banks that yield for operating funds and the return of the soul to Iraqi economy. 
As the expert that " the government and private banks have seen a recent move to good Not, because they need to win the confidence of the global market, which prompted the government to deal with Washington to cover Treasury bonds."
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